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Local lenders have seen their loan book shrinking sharply over the past six months. Bankers don’t expect any major turnaround in the coming period, assuming that “the environment stays...
Petrom started the oil exploration of Kazahstan’s Komsomolskoe oil field where the company expects to reach a plateau rate of 10,000 boe for the following years, the project absorbing 180-mn...
Hyundai Accent, Renault Clio and Skoda Octavia are the most popular diesel import cars in Romania this year, the first two models grabbing 6.5% share each of the total sales of diesel cars, while...
The benchmark exchange rate announced today by the National Bank of Romania stands at 4.2196 lei per euro, 0.21 percent below yesterday's quota, due to the regional bullish trend and the...
Dacia is middle-ranked in a Vehicle Ownership Satisfaction Study in Germany, with a score of 810 on a 1,000-point scale, taking 13th position in 27, head-to-head with Volkswagen, and above Nissan,...
Crediting in Romania clutched annual advance at 15.9 percent in May, retail and business loans amounting to 199.08 billion lei, about 0.7 percent down versus the previous month, data from the...
Deposits in lei and foreign currency increased in May by 0.5 percent versus April, to 155.37 billion lei, the positive evolution of leu-denominated deposits offsets the decline of foreign currency...
Romania is experiencing a dramatic economic adjustment, as it looks set to contract more than 6% y/y in 2009 which will put fiscal policy under pressure, while First Home program will have little...